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Sugar futures for May traded Rs 10, or 0.34%, lower at Rs 2,948 per quintal in 49,720 lots.
At the National Commodity and Derivatives Exchange (NCDEX), the April contract fell Rs 7, or 0.24% to Rs 2,894 per quintal after rising to Rs 2,894 in 9,680 lots.
Profit-booking by speculators and ample supplies in the spot market affected the trade.
However, the government's decision to partially decontrol the sugar sector, limited the fall.
In a major reform, the government last week had partially decontrolled the Rs 80,000-crore sugar sector by giving freedom to millers to sell in the open market and removed their obligation to supply the sweetener at subsidised rates to ration shops.
